Azora Capital LP’s CarMax KMX Stock Holding History

Azora Capital LP’s Portfolio KMX Stock Details KMX Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q4	–	Sell	-364,571	Closed	-$16.4M	–	62
2025 Q3	$16.4M	Sell	364,571 -316,772	-46%	-$18.9M	0.76%	39
2025 Q2	$45.8M	Buy	+681,343	New	+$45.8M	2.07%	21
2025 Q1	–	Sell	-163,148	Closed	-$13.3M	–	52
2024 Q4	$13.3M	Buy	+163,148	New	+$12.8M	0.6%	40
2024 Q3	–	Sell	-236,063	Closed	-$17.3M	–	59
2024 Q2	$17.3M	Buy	+236,063	New	+$17M	0.8%	34

Other funds holding KMX

BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

AQR Capital Management Greenwich, Connecticut $287B AUM 42.33% 1-Year Est. Return

SIM

SRS Investment Management New York $10.8B AUM 34.05% 1-Year Est. Return

State Street Boston, Massachusetts $3.37T AUM 44.26% 1-Year Est. Return

AMH

Apollo Management Holdings New York $8.94B AUM 120.19% 1-Year Est. Return

Janus Henderson Group London $209B AUM 37.72% 1-Year Est. Return

Primecap Management Pasadena, California $169B AUM 114.72% 1-Year Est. Return

Diamond Hill Capital Management Columbus, Ohio $12.5B AUM 7.49% 1-Year Est. Return

Norges Bank Oslo, Norway $1T AUM

Azora Capital LP's KMX Position: Q4 2025 in Review

Azora Capital LP sold out of CarMax (KMX) in Q4 2025, closing a stake of 364,571 shares — an estimated $16.4M sold.

Azora Capital LP first reported a position in KMX in Q2 2024 and held it in 4 quarters. The position peaked at $45.8M in Q2 2025. 538 funds tracked by Wall St. Rank hold KMX as of Q4 2025.

Azora Capital LP reported no remaining CarMax position as of Q4 2025 after selling out during the quarter.
Azora Capital LP sold 364,571 CarMax shares in Q4 2025, an estimated $16.4M.
Azora Capital LP first reported a position in CarMax in Q2 2024 and held it in 4 quarters.
Azora Capital LP's CarMax position peaked at $45.8M in Q2 2025.
538 funds tracked by Wall St. Rank held CarMax as of Q4 2025.

Based on Azora Capital LP's 13F filing for Q4 2025, filed 17 Feb 2026.